Exhibit 5(p)
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MINNESOTA LIFE VARIABLE EARLY VALUE AGREEMENT
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Minnesota Life Insurance Company * 000 Xxxxxx Xxxxxx Xxxxx
* Xx. Xxxx, Xxxxxxxxx 00000-0000
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This agreement is a part of the policy to which it is attached; it is subject to
all its terms and conditions. This agreement is effective as of the policy date
of this policy.
What does this agreement provide?
We will waive a portion of the first-year sales load and the underwriting charge
which we assess against the base premium in effect when this policy is issued.
The waived amount of the first-year sales load and the underwriting charge are
shown on page 1. Any first-year sales loads or underwriting charges assessed
when you adjust the policy will not be waived.
Is there a premium for this agreement?
Yes. The annual premium for this agreement is shown on page 1. This premium will
be payable for the period shown on page 1.
What effect will the waived charges have on your net premiums?
This agreement will increase the net premiums allocated to either the guaranteed
principal account or to the separate account in the first policy year.
When does/will this agreement terminate?
This agreement will terminate on the earliest of:
(1) the date any premiums due for this policy remain unpaid at the end of the
grace period; or
(2) the date the policy is continued as extended term insurance; or
(3) the date this policy matures, is surrendered, or otherwise terminates.
/s/ Xxxxxx X. Xxxxxxxxx /a/ Xxxxxx X. Xxxxxxx
Secretary President
MHC-98-940
